Naslov
Foreign direct investments in Southeastern Europe: in the middle of restructuring, EU accession and crises

Autori
Botrić, Valerija

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
11-th Bi-Annual Conference of European Association for Comparative Economic Studies. Comparing Responses to Global Instability / - , 2010

ISBN
978-9985-4-0613-7

Skup
11-th Bi-Annual Conference of European Association for Comparative Economic Studies. Comparing Responses to Global Instability

Mjesto i datum
Tartu, Estonija, 26.08.2010. - 28.08.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Nije recenziran

Ključne riječi
foreign direct investments; transition economies; Southeastern Europe

Sažetak
The paper provides analysis of the foreign direct investments dynamics and its determinants for the group of countries lately referred to as Western Balkans (non-EU ex-Yugoslavia countries plus Albania). Due to vulnerable external positions and enhanced funding requirements related to the EU-average catching-up aspirations, FDI is often highly welcomed by the government officials in the SEE countries. The notion that FDI is frequently accompanied by knowledge and know-how transfer makes this source of capital growth more desirable than simple capital accumulation from inadequate domestic savings. The actual inflow of FDI to the region is not high. In comparison to CEEC countries, Southeast Europe has gained far less interest among potential investors. For Western Balkans countries FDI was frequently related to the privatization process, where the more attractive firms were usually able to find more permanent investors, while the rest either did not come across adequate investor or were not able to sustain a long term business relationship. The financial crisis has turned the foreign investor’s interest further away from the region, which left some of the previously planned restructuring projects without reserve options. Discussion of recent developments is provided with the aim to draw common conclusions for the region. The analysis of the FDI determinants on the overall economy level conducted within the panel data framework aims to provide the answer whether the same factors as in CEEC countries are relevant for sampled countries. Due to data limitations and frequent emergence of new states, the analysis does not extend to early transition period. Since it entails the beginning of financial crises, the comparison of the results obtained with those of previous studies will enable the discussion of internal versus external factors of FDI attraction in the region.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA